Investment Property Loan 5.99% p.a. (CR 6.01% p.a.) Upto 60% LVR + 0.3% Broker Cashback @ ubank

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AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 10:43 ubank.com.au (236 clicks)
Last edited 18/11/2023 - 23:07 by 2 other users

Hello Ozbargainers,

Firstly, thank you for your support so far.

Below are the key rates. Refer to this link for all rates.

• 5.99% P.A(CR 6.01% P.A.) upto 60% LVR.
• 6.04% P.A(CR 6.06% P.A.) upto 80% LVR.

Can negotiate further interest rate discount with uBank for larger loan

Fees :- $250 for Setup and $300 for discharge/exit. I have been able to get the setup fee($250) waived for most of my clients . Refer to this link for all other fees that could apply.

This is one of the best rates in the market at the moment for Investment Property loans. Especially for larger loans with low LVR and loans to purchase an investment property.

The product does not come with offset account. People normally prefer offsetting their Home Loans so this might be a good option. The offset option is slightly more expensive starting at 6.04%(CR 6.28%) for 60% LVR .

Combined with Broker Cashback of 0.3% **, the effective rate will be from **5.84% for the first 2 years, that is most competitive in the market for investment property loan.

Refer to this link for broker cashback terms and conditions.

You can also combine the broker cashback with other offers. I have access to 30+ banks, just few hot offers mentioned below. The easiest way to reach out is call me on the contact details provided below. You can also book an obligation-free appointment in my calendar

General Advice Warning-. The information contained on this web page is general in nature and does not take into account your personal situation. Please contact me for a tailored solution, comparing 30+ banks/lenders.

Regards,
Roopali
Director | Mortgage Broker
Lending Workshop Pty Ltd
Credit Representative Number 544854| Australian Credit License Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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• 

  Jaduqimon on 25/10/2023 - 10:57

  +4

  ANZ Bank 2K Cashback. The best rate achieved is 5.74% for OO.
  BoM/St George 2K cashback. Best rate achieved is 5.69%(for OO) 4 weeks ago but getting harder to negotiate now.
  Westpac. Best rate achieved is 5.74%(for OO).
  ING competitive on rates. Have been able to negotiate fee waivers other than advertised rates.
  GoEdge most competitive on Home Loan rates. Best achieved is 5.69%(for OO). No offset though. Easy to deal with.

  So the other banks in that list offer offset account at those rates?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 19:09

    hi @Jaduqimon, looks like Mod has removed that from the deal post. The above rates are for OO property loan. The deal posted is for investment property loan. I just mentioned some of the other offers that are hot at the moment in lending space. Probably should have stick to investment property loans only. To keep it in context.

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  Deal finder on 25/10/2023 - 11:08

  I think HSBC is also 6.04% at 80% LVR with 3k cashback till 31st Oct

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 19:11

    That's a good offer too. This will work out better for larger loans and loans for purchase. Considering the broker cashback and no cashback from HSBC for purchases.

    I don;t have HSBC on my panel but have heard that their processing have blown up due to this deal. So might be ages before the file is picked up.

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  pandaman on 25/10/2023 - 11:23

  Thanks this is actually very good

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 19:11

    Thank you for the appreciation. Cheers!

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  klonky on 25/10/2023 - 13:32

  Ill just say I can highly recommend Roopali as a broker. It was our first time using a broker and she was very on top of things. The process was very smooth.

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 19:12

    hi @klonky, can't figure from the ID but really do appreciate your positive feedback and kind words.

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  maiuspala on 25/10/2023 - 19:24

  Any chance we could use this loan for overseas property?

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 20:08

    hi @maiuspala, not sure what you mean. Are you looking to provide an overseas property as security? or use the funds to buy a property overseas by providing a local property as security?

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  stillwaters on 25/10/2023 - 21:19

  Are these rates for P&I only? Needing a good rate for Interest Only

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    AssociatedLendingWorkshop @ Lending Workshop on 25/10/2023 - 22:23

    hi @stillwaters, the above rates are for P&I only. The I/O are starting at 6.14%(CR 6.17%) depending on Loan size, LVR and income situation etc. This is before taking into consideration the broker cashback. After cashback it will be starting under 6% for the first 2 years.

    Feel free to reach out on the contact details provided in the deal post or book an obligation free appointment in the calendar link provided and we can discuss your situation.

    I will try getting you the best deal.

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  s26f84 on 29/10/2023 - 19:42

  whats best rate + cashback for owner occupied? currently witg homestar, 5.69%

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 29/10/2023 - 23:36

    Depends on LVR and loan amount.

    • 

      s26f84 on 30/10/2023 - 00:51

      lets say 250k around 30% lvr.

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        AssociatedLendingWorkshop @ Lending Workshop on 30/10/2023 - 09:13

        hi @s26f84, you are better off staying where you are, considering the loan amount is small. I can get you the cashback from couple of banks but rate probably won't be as good as you have.

        • 

          s26f84 on 30/10/2023 - 11:33

          @LendingWorkshop: my poan amount is over 500 but balance is around 300

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            AssociatedLendingWorkshop @ Lending Workshop on 02/11/2023 - 16:53

            @s26f84: fair enough. Please reach out on the contact details provided and we can run the numbers. I can work out the $ savings over a 2 years timeframe and we can take it from there.